SBI Holdings and Startale join Open Standard to pilot OUSD–yen stablecoin settlement

Japanese financial services group SBI Holdings and Web3 infrastructure developer Startale Labs have officially become members of Open Standard, a global consortium supporting the US dollar-pegged stablecoin OUSD. Open Standard is endorsed by leading financial and technology firms, including Coinbase, Visa, BlackRock, and Mastercard. The initiative was created to unify digital asset settlement infrastructure, providing a common set of standards for stablecoin transactions and interoperability. As part of this new partnership, SBI Holdings and Startale Labs plan to conduct a proof-of-concept (PoC) focused on establishing connectivity between OUSD and JPYSC, a trust-based yen stablecoin issued by SBI Shinsei Trust Bank. Their collaboration seeks to modernize traditional foreign exchange mechanisms by developing secure, always-on cross-border settlement networks for transactions between the Japanese yen and the US dollar.

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